Free Other Property Insurance Practice Questions
South Dakota Property exam — 66 practice questions.
Subtopics: Flood Insurance Rate Map, Special flood hazard area, Flood waiting period, Marine and transportation, Marine protection and indemnity, NFIP flood, NFIP waiting period, NFIP limits, Difference in conditions, Mobile home policy, Ocean marine implied warranty, General average, NFIP Risk Rating 2.0, NFIP Increased Cost of Compliance, Write Your Own program, Nationwide marine definition, Personal articles floater, Beachfront and windstorm plans, Ocean marine hull coverage, NFIP flood definition, NFIP contents limit, NFIP nonresidential limit, NFIP ICC limit, NFIP waiting exception - loan, NFIP map revision, NFIP building valuation, NFIP contents valuation, NFIP basement, NFIP proof of loss, NFIP lawsuits, NFIP loss avoidance, NFIP Community Rating System, NFIP participating community, NFIP emergency vs regular program, NFIP forms, Inland marine floater, Homeowners vs boat theft, Cargo coverage, Crop insurance, Crop-hail, DIC flood and quake, NFIP, Ocean marine, Farm property, Farm liability, Farm machinery, Inland marine floaters, Scheduled property, FAIR plans, Cyber - first party, Cyber coverage gaps, Cyber coverage forms
Read the Other Property Insurance study guide
Sample questions & answers
1. The official map on which the Federal Insurance Administrator shows a community's special flood hazard areas and risk premium zones is the:
Flood Insurance Rate Map (FIRM)
44 CFR 59.1 defines the FIRM as the official community map delineating special hazard areas and risk premium zones; the SD outline lists FIRM under flood insurance.
2. On a Flood Insurance Rate Map, a special flood hazard area is land subject to what chance of flooding in any given year?
1 percent or greater
44 CFR 59.1 defines the area of special flood hazard as land in the flood plain subject to a 1 percent or greater chance of flooding in any given year.
3. A South Dakota homeowner buys a new NFIP flood policy, not in connection with a loan. Coverage generally begins:
On the 30th day after application and payment
44 CFR 61.11(d) makes new flood coverage effective at 12:01 a.m. on the 30th calendar day after application and presentment of premium, with listed exceptions.
4. Which NFIP flood purchase is NOT subject to the usual 30-day waiting period?
Coverage bought in connection with a loan closing
44 CFR 61.11(b) makes coverage effective at loan closing when bought in connection with making, increasing, extending, or renewing a loan.
Practice: Other Property Insurance
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
